Hardy Reed LLC Buys New Shares in Uber Technologies, Inc. $UBER

Hardy Reed LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, Holdings Channel reports. The firm purchased 35,159 shares of the ride-sharing company’s stock, valued at approximately $2,537,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Norges Bank bought a new position in shares of Uber Technologies in the 4th quarter valued at about $2,515,094,000. Marshall Wace LLP raised its holdings in Uber Technologies by 1,462.2% during the fourth quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock worth $546,919,000 after acquiring an additional 6,264,946 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Uber Technologies by 129.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company’s stock worth $776,883,000 after acquiring an additional 5,293,822 shares in the last quarter. Employees Provident Fund Board acquired a new position in Uber Technologies during the fourth quarter valued at approximately $265,205,000. Finally, Southpoint Capital Advisors LP acquired a new position in Uber Technologies during the first quarter valued at approximately $222,983,000. 80.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on UBER. Jefferies Financial Group boosted their price target on Uber Technologies from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Cantor Fitzgerald decreased their target price on shares of Uber Technologies from $98.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Monday, July 20th. BMO Capital Markets reiterated an “outperform” rating on shares of Uber Technologies in a research note on Tuesday, August 4th. Finally, TD Cowen reiterated a “buy” rating and issued a $118.00 price target on shares of Uber Technologies in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $104.25.

Uber Technologies Trading Down 1.5%

Shares of Uber Technologies stock opened at $74.80 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a 12-month low of $65.41 and a 12-month high of $101.99. The company has a market capitalization of $152.78 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 6.24 and a beta of 1.13. The firm’s 50-day moving average price is $72.41 and its two-hundred day moving average price is $73.39.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. The company had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, analysts forecast that Uber Technologies, Inc. will post 3.33 earnings per share for the current fiscal year.

Key Uber Technologies News

Here are the key news stories impacting Uber Technologies this week:

• Positive Sentiment: Drone delivery partnership with Zipline: Uber Eats will offer autonomous drone delivery in the United States, beginning in markets such as Dallas and Houston later this year. Uber is also making a strategic investment in Zipline, and the companies are targeting as many as one million deliveries per day by the end of 2029. The partnership could improve delivery speed, expand Uber’s logistics network and eventually reduce fulfillment costs. Uber, Zipline partner on US drone delivery for Uber Eats
• Positive Sentiment: Expanded Pony.ai robotaxi agreement: Uber and Pony.ai plan to deploy more than 2,000 Level 4 autonomous vehicles across Europe and the Middle East. The rollout moves beyond small pilots and reinforces Uber’s asset-light approach: it can provide demand, routing and payments through its platform while partners supply autonomous-driving technology and vehicles. Uber Expands PONY Robotaxi Deal
• Neutral Sentiment: Near-term financial impact remains uncertain: Drone and robotaxi deployments could create new growth avenues, but the announcements provide few immediate revenue or earnings details. Regulatory approvals, vehicle availability, safety performance and consumer adoption will determine how quickly these initiatives become material.
• Negative Sentiment: Uber exits Serve Robotics investment: Uber sold its entire stake in sidewalk-delivery company Serve Robotics amid “differing views,” while Serve is replacing volume from its expiring Uber relationship with a new Grubhub partnership. The move may raise concerns about Uber’s commitment to certain autonomous-delivery projects, though the direct financial effect on Uber appears modest. Uber Sells Serve Robotics Stake

Uber Technologies Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.